Formula 1 Fan, You Should Check It Out! (ALPINE) Alpine F1® Team Fan Token - What Is It?
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TL;DR
Alpine F1® Team Fan Token (ALPINE) is a BEP-20 utility token of the BWT Alpine F1® Team. Fans of the BWT Alpine F1® Team can purchase ALPINE Fan Tokens to enjoy exclusive benefits and enrich their personal fan experience. By issuing the token, Alpine F1® is exploring new methods of fan engagement powered by blockchain technology.
Introduction
The BWT Alpine F1® Team made its debut at the start of the 2021 Formula One World Championship in the Formula 1 Gulf Air Bahrain Grand Prix. The team, headed up by CEO Laurent Rossi, is the spiritual successor to the Renault F1® Team. This new venture promotes Renault Group’s classic racing and sports car brand, Alpine.
The team competes in the F1® Formula One World Championship with race winner Estaban Ocon and two-time world champion Fernando Alonso. Alpine also celebrated its maiden win at the Formula 1 Rolex Magyar Nagydij 2021. Racing fans of the BWT Alpine F1® Team can use the ALPINE Fan Tokens launched on the Binance Launchpad to participate in the fun, engaging ecosystem and get rewarded in the process.
What is the Alpine F1® Team Fan Token ecosystem?
The digital fan base of BWT F1® Team currently exceeds 6 million across social media platforms. Powered by the Alpine F1® Team Fan Token, the BWT Alpine F1® Team brand identity can be boosted with increased fan engagement facilitated by the fan token. Simply put, the ALPINE Fan Tokens allow millions of fans to take part in exclusive experiences and access exclusive merchandise. With the fan token model, the ecosystem will grow with the increasing fan base and fan offerings.
What is ALPINE?
Named after the racing team, ALPINE was first launched on the Binance Launchpad in February 2022 as the third Fan Token Launchpad project by Binance. The total token supply of ALPINE is 40 million, with 10% of the supply sold during the Binance Launchpad Sale.
ALPINE Fan Tokens are native BEP-20 tokens issued on the BNB Smart Chain (formerly BSC). This means that the BEP-20 ALPINE tokens will be able to connect with other BSC-based decentralized exchanges (DEX) and decentralized applications (dApps). As a BEP-20 token, ALPINE enables users to enjoy low transaction fees and a 3-second block time.
Unlike NFTs, all Binance Fan tokens, including ALPINE, are fungible. This means that they can be exchanged for something else of the same value. ALPINE was designed to be fungible so that fans can exchange them for merchandise and experiences. However, ALPINE can also be exchanged for exclusive NFTs.
What can ALPINE tokens do?
ALPINE token holders can participate in fan engagement-related voting sessions on the Binance Fan Token platform. These voting sessions allow users to influence the decisions of the team they support. Previous voting sessions include voting for the 2022 Alpine Esports jersey worn by drivers like Nicolas Longuet and voting for the Binance Alpine Esports livery and circuit used on the team’s simulator.
Holders have also been able to collect the exclusive Slipstream into the Future Mystery Box available in exchange for 3 ALPINE. This Mystery Box included a series of posters to collect, allowing holders to later stake in the NFT PowerStation for exclusive prizes.
ALPINE token holders also have access to other forms of engagement with the BWT Alpine F1® Team on the Binance Fan Token Platform, including receiving signed merchandise, meet-and-greet sessions with the team drivers, and other fan-related events.
Apart from its engagement and voting opportunities, holders can also stake ALPINE in the NFT PowerStation. Through staking, they’ll be able to access digital collectibles and fan rewards.
In the future, ALPINE token holders will also be able to access multiple gamification features on the Binance Fan Token Platform. A donation feature, where ALPINE token holders can directly donate to the team in exchange for a Proof-of-Loyalty badge, is also in the pipeline.
ALPINE can be accessed by both the BWT Alpine F1® Team fan base and the larger Binance user base. As such, ALPINE can be withdrawn from Binance like other BEP-20 tokens.
How to buy ALPINE on Binance?
You can buy Alpine F1® Team Fan Token (ALPINE) on cryptocurrency exchanges like Binance.
1. Log in to your Binance account and click [Trade]. Select either the classic or advanced trading mode to start.
2. Type “ALPINE” on the search bar to see the available trading pairs. We will use ALPINE/BUSD as an example.
3. Go to the [Spot] box and enter the amount of ALPINE you want to buy. In this example, we will use a Market order. Click [Buy ALPINE] to confirm your order, and the purchased ALPINE will be credited to your Spot Wallet.
Closing thoughts
The Alpine F1® Team Fan Token is Binance’s first F1® Fan Token. As its fan base grows, the community can expect an expansion of ALPINE to include the following: Donations in ALPINE, Team Games, the currency for tickets and merchandise following the Fan Shop launch, and further integration of Fan Tokens into the BWT Alpine F1® Team ecosystem in different forms including membership and an e-commerce platform.
